20 What in this news clip points to a distinction between public production of a public good...

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20 What in this news clip points to a distinction between public production of a public good and public provision?

Give examples of three public goods that are produced by private firms but provided by government and paid for with taxes Petrol taxes paid for much of America’s post-war motorway system. Now motorists pay about one-third in petrol taxes to drive a mile as they did in the 1960s. Yet raising such taxes is politically tricky. This would matter less if private cash was fl ooding into infrastructure or new ways were being found to control demand. Neither is happening, and private companies building toll roads brings howls of outrage.

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Economics

ISBN: 9781118150122

10th European Edition

Authors: Michael Parkin, Dr Melanie Powell, Prof Kent Matthews

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